Instead of continuing short below 1.2648, GBP retraced higher and even broke above this short term resistance line. Unless this line contains the price to the upper side I expect a rise towards 1.2768, a breach below may mean the price could drop further towards 1.2555. On the 4 hour chart above, 1.2768 is the best place to short GBP with your stop loss slightly above 1.2829. My advice, wait for a rise towards the resistance line 1.2768 then short GBP upon a rejection from it.
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